From our tax teams in Frankfurt, London, New York, Singapore, Sydney and Tokyo, we efficiently manage the Bank's worldwide tax positions and risks. This ranges from pure compliance with local tax obligations, settling tax audits and disputes to even occasionally working with governmental bodies on development of legislation.

We co-operate closely across all business lines to develop the Bank's products and create efficient corporate structures. Given the complexity and interpretative range of fiscal law, we also nterface with other Corporate Center Departments such as Legal, Risk and Capital and Human Resources.